Links - 09/21/2024
“I think it’s a mistake for people like us who are involved in financial matters to seek to reduce things to formulas. It is not a formulaic business, because it’s random. The randomness of human nature, the randomness of business…. The list of products, great products that never made it or died is much, much longer than the list of products that succeeded. So we need a little bit of humility and say, I think that the idea of having specific rigid formulas in judgment about anything, it’s just not suited to the complex world in which we live. You need to be able to weigh things much more frequently than measuring them.” —Anthony Deden [Source]
A Conversation with Anthony Deden (transcript) (LINK)
Becoming Berkshire: 1969 Part 1- Buffett Retires (LINK)
Nassim Taleb — Meditations on Extremistan (Video, Podcast)
Solving the Mystery of an Investment That’s Too Good to Be True - by Jason Zweig (LINK)
2024 Seminar on Value Investing and the Search for Value Guest Speaker: Lorne Steinberg (video) (LINK)
A Letter a Day: Letter #220: Elliott Hill (2023) (LINK)
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Fed up with Fed Talk? Factchecking Central Banking Fairy Tales! - by Aswath Damodaran (LINK)
How Bill Gates Wants To Be Like Warren Buffett: Retirement ‘Sounds Awful’ (video) (LINK)
America’s Secret Weapon To Win The A.I. War | Doomberg (video) (LINK)
The Meb Faber Show Podcast: Tiger Cub Rob Citrone on Milei’s Argentina: A Bullish Outlook for Investors | #550 (LINK)
Money Stuff Podcast: Modular Cat Trees: A Mailbag Episode (LINK)
Earth Might Have Had a Ring 466 Million Years Ago (LINK)
“The trick in life, generally speaking, is knowing what not to do, knowing what not to read, knowing what advice not to take. Because if you can do that, you have eliminated a very large subset of what you ought to be looking at, et cetera. So that’s how I started. I started by exclusion, and I still believe that very strongly.” —Anthony Deden [Source]